Cost of Living Comparison Between New Providence and Medellin Cost of Living Comparison Between New Providence and Medellin

Monthly Cost of Living

A single person spends $1,862 per month in New Providence vs $1,013 in Medellin, rent included.

A couple spends around $4,692 per month in New Providence vs $1,602 in Medellin, rent included.

A family of three spends $7,522 per month in New Providence vs $2,192 in Medellin, rent included.

New Providence costs about 84% more than Medellin, driven mainly by Eating Out.

New Providence sits 39% above the global median, while Medellin is 24% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$29.74 BSD 29.74

$5.99 COP 21.4K

396.49%

Three-Course Dinner for Two, Mid-Range

$122 BSD 122

$32.86 COP 117.4K

270.48%

Fast Food Meal (McDonalds, etc)

$9.66 BSD 9.66

$7.09 COP 25.3K

36.25%

Cappuccino

$6.30 BSD 6.30

$1.71 COP 6,115

268.42%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$4.71 BSD 4.71

$1.10 COP 3,924

328.18%

Water (0.33 liter bottle)

$3.54 BSD 3.54

$0.78 COP 2,781

353.85%

Local Beer (0.5 liter draught)

$9.31 BSD 9.31

$1.68 COP 5,997

454.17%

Imported Beer (0.33 liter bottle)

$4.46 BSD 4.46

$3.07 COP 11.0K

45.28%

Milk (1 liter)

$2.95 BSD 2.95

$1.09 COP 3,906

170.64%

White Bread (500g)

$4.71 BSD 4.71

$1.26 COP 4,508

273.81%

Rice (white) (1kg)

$6.22 BSD 6.22

$1.38 COP 4,922

350.72%

Eggs

$6.58 BSD 6.58

$2.19 COP 7,827

200.46%

Local Cheese (1kg)

$13.77 BSD 13.77

$4.40 COP 15.7K

212.95%

Chicken Fillets (1kg)

$8.03 BSD 8.03

$5.63 COP 20.1K

42.63%

Beef Round Steak (1kg)

$13.14 BSD 13.14

$8.89 COP 31.8K

47.81%

Apples (1kg)

$2.91 BSD 2.91

$2.34 COP 8,349

24.36%

Banana (1kg)

$4.02 BSD 4.02

$1.06 COP 3,777

279.25%

Oranges (1kg)

$4.37 BSD 4.37

$1.50 COP 5,374

191.33%

Tomato (1kg)

$3.06 BSD 3.06

$1.38 COP 4,924

121.74%

Potato (1kg)

$3.02 BSD 3.02

$1.15 COP 4,111

162.61%

Onion (1kg)

$2.42 BSD 2.42

$1.16 COP 4,155

108.62%

Lettuce (1 head)

$2.60 BSD 2.60

$0.89 COP 3,182

192.13%

Water (1.5 liter bottle)

$2.44 BSD 2.44

$0.84 COP 2,997

190.48%

Cigarettes 20 Pack (Marlboro, Camel)

$12.14 BSD 12.14

$2.28 COP 8,145

432.46%

Wine (Bottle)

$25.46 BSD 25.46

$10.64 COP 38.0K

139.29%

Local Beer (0.5 liter bottle)

$3.31 BSD 3.31

$1.20 COP 4,284

175.83%

Imported Beer (0.33 liter bottle)

$3.92 BSD 3.92

$2.47 COP 8,824

58.70%

One-way Ticket (Public Transport)

$1.22 BSD 1.22

$0.86 COP 3,056

41.86%

Public Transport Monthly Pass (Regular Price)

$41.40 COP 147.9K

Taxi Start (Normal Tariff)

$1.47 COP 5,264

Taxi (Normal Tariff) (1km)

$1.96 COP 7,009

Taxi 1hour Waiting (Normal Tariff)

$60.5 BSD 60.5

$7.74 COP 27.6K

681.14%

Gasoline (1 liter)

$0.95 COP 3,409

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$18.1K COP 64.7M

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$26.5K COP 94.6M

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$82.3 COP 293.7K

SIM Card Monthly Plan (Calls and 10GB+ Data)

$40.29 BSD 40.29

$9.50 COP 33.9K

324.11%

Internet (50+ Mbps, Unlimited Data)

$99.2 BSD 99.2

$24.23 COP 86.5K

309.41%

Gym Membership (Monthly)

$73.5 BSD 73.5

$25.89 COP 92.4K

183.97%

Tennis Court (1 Hour on Weekend)

$19.00 COP 67.9K

Cinema Ticket

$15.19 BSD 15.19

$3.93 COP 14.0K

286.51%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$309 COP 1.1M

International Primary School, 1 Child (Yearly)

$5,965 COP 21.3M

Jeans (Levis 501 Or Similar)

$58.7 COP 209.5K

Summer Dress (H&M, Zara, etc)

$32.35 COP 115.5K

Sport Shoes (Adidas, Nike)

$103 COP 366.4K

Men's Leather Business Shoes

$108 COP 387.2K

1-bedroom Apartment, City Center (Monthly)

$1,483 BSD 1,483

$476 COP 1.7M

211.42%

1-bedroom Apartment, Outside City Center (Monthly)

$689 BSD 689

$379 COP 1.4M

82.01%

3-bedroom Apartment, City Center (Monthly)

$838 COP 3.0M

3-bedroom Apartment, Outside City Center (Monthly)

$4,498 BSD 4,498

$724 COP 2.6M

521.40%

Buy Apartment in City Center (m2)

$2,791 COP 10.0M

Buy Apartment Outside City Center (m2)

$1,211 COP 4.3M

Average Monthly Net Salary (After Tax)

$512 COP 1.8M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for New Providence: June 1, 2026

Last update for Medellin: May 31, 2026

Cost Breakdown

A central one-bedroom costs $1,483 in New Providence versus $476 in Medellin. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $122 in New Providence versus $33.00 in Medellin. Monthly groceries follow the same trend: $449 vs $188 – making Medellin the more affordable choice for daily food spending.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

New Providence vs Medellin: Cost of Living - Frequently Asked Questions

Yes – New Providence is pricier by about 84%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $2,794 per month in New Providence and $1,519 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Medellin, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 138% more in New Providence, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $122 in New Providence and $33.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,013, than in New Providence at $1,862. In Medellin it covers expenses comfortably, while in New Providence it requires careful planning or may not stretch far enough.

Families tend to lean toward Medellin – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, New Providence makes more sense. Both are solid long-term options with distinct trade-offs.